Nationwide My Savings

Nationwide My Savings Review

Nationwide My Savings is offered by Nationwide, a financial services company founded in 1926 and based in Columbus, OH. Nationwide My Savings is available in 49 states (and Washington, DC).

Key Takeaways

• Higher than average APY. Nationwide My Savings has an annual percentage yield of up to 0.3%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $1000 to earn that interest rate.
• $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• No ATM fees. Nationwide My Savings does not charge fees on ATM transactions.
• ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).

Nationwide savings account Pros & Cons

Nationwide savings account FAQ

Are savings accounts from Nationwide federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Nationwide offer a signup bonus?

Nationwide savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Nationwide savings account?

What APY does Nationwide My Savings offer?

Nationwide savings account offers a variable APY starting at 0.2% and ranging up to 0.3% (APY stands for annual percentage yield, rates may change).

What fees does Nationwide savings account charge?

Nationwide savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $35 fee.
• Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Nationwide savings account charges $5 every time you request a paper statement.

What features and perks does Nationwide savings account offer?

This savings account includes the following features:

• ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
• Fraud monitoring - Nationwide savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Nationwide savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Nationwide savings account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Nationwide savings account?

The customer support email for Nationwide savings account is consumerprivacy@nationwide.com.

How do people rate the customer service and user experience of Nationwide savings account?

Overall, Nationwide savings account is strongly recommended based on community reviews that rate customer service and user experience.